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at the takingrg defense summit place at the ronald reagan building. we spoke with senator mark warner. tony hawk will talk about the olympic sports and maybe a little bit of white house exploits. let's get headlines from olivia sterns. close of u.s. trading, jcpenney, the struggling retailer posted its first quarterly profit in more than two years and shares rallied in after-hours trades. retailers return to discounting at last. was $35 million in the quarter compared to a loss year earlier.n a a little bit better numbers from jcpenney but coming off of a very low comparative figure. tesla out with details on its so-called giga factory plants. this could help to drive down the battery packs. they hope to make investments my the year 2020. they will invest $2 billion. aboutlso see volume at 500,000. an activist investor carl icon escalating his attack on john donahoe, the ebay ceo. carl icahn sent his letter to shareholders highlighting the leadership of mark andreessen and scott cook. ebay holds the claims quote ebay calledlse -- the claims "blatantly false." >> my next guest turned what kids di
. details ahead. ♪ >> u.s. defense secretary chuck hagel is digging in for what likely will be a battle with congress over proposed defense cuts. it would shrink the size of the army and eliminate some older weapons programs. the secretary laid out his plans yesterday. >> this is a time for reality. this recognizes the magnitude of the reality of our fiscal challenges, the dangerous world we live in, and the american military's unique and indispensable role in the security of this country and in today's volatile world. >> for more insight i want to bring in robert levinson. he is a retired colonel from the u.s. air force and has more than two decades of service and joining us, larry korb. they are both joining us from washington, d.c. if you could explain based on your experience and your reading of the proposed defense budget put forth yesterday, what is your initial reaction? >> basically, it is higher than we would have expected a year ago because you had the budget deal that gave some relief from sequestration. even if you control for inflation is higher in real terms than it was du
Search Results 0 to 2 of about 3 (some duplicates have been removed)